Rocket Companies Stock Climbs Friday: What's Driving the Move?

Rocket Companies Inc. (NYSE: RKT ) shares are trading higher during Friday’s premarket session as investors digest quarterly results that came in lower versus expectations. Rocket Companies stock is trading at depressed levels. What’s next for RKT stock? Q2 Earnings & Revenue Miss Consensus Estimates Rocket posted second-quarter earnings of 16 cents per share on revenue of $2.76 billion, both coming in below consensus estimates of 17 cents per share and $2.82 billion, respectively. Management also guided third-quarter revenue to be between $2.5 billion and $2.7 billion, below the $2.84 billion estimate, while CEO Varun Krishna pointed to "one of the toughest spring housing markets in years." Krishna also said Rocket hit "record levels of purchase and refinance market share," framing the quarter as a share-gain story even with the top- and bottom-line miss. Rocket Companies...